The call for this week: I regret to inform you that our friend and colleague, Andrew Adams, has left the firm to pursue other opportunities. He has not, however, gone to another firm. As a result of his departure, there will no longer be the publications of Gleanings or Charts of the
“Futures are sharply lower as the arrest of Huawei CFO in Canada has added to uncertainty on U.S./China trade, while oil is sharply lower.” . . . Tom Essaye, of the invaluable The Sevens Report (12/6/18) The preopening futures were sharply lower yesterday as the arrest of Huawei’
While seeing institutional accounts in NYC on Tuesday, we were swamped with emails/phones calls that were reflected in this email from a concerned Raymond James client. To wit, “Are indicators still showing buy, or are you turning bearish?” Our response read: I though the market would
One of our financial advisors recently asked if I would send over some investment advice to his college-age son who has become very interested in the markets and reads our commentaries each day. I get emails like this one from time to time and it is always very strange since it was no
“Pretty big fade off the open. Just curious what your thoughts are on that? Thanks.” . . . A concerned Raymond James financial advisor So, following the big up opening yesterday (Dow +441 points) stocks faded, causing our email box to fill up with the ubiquitous question, “Hey Jeff, p
“Well, after another month of weakness in US equities, we’re happy to report that the complacency on the part of consumers towards equities has faded. In this month’s [Consumer Confidence] report, the percentage of consumers expecting higher stock prices dropped to 3
The call for this week: So far the trading pattern has been just about perfect with the S&P 500 declining from the envisioned overhead resistance at 2800 – 2820 amid cries of recession, crash, bear market, etc. It is stunning to us at this stage of a secular bull market, and
Boy, I miss the good ol’ days… when “buy the dips” was the only strategy you needed and everyone was trying to guess which FAANG stock would be the next to a trillion-dollar market cap. You know, those good ol’ days from… oh… around two months ago. I, for one,
“Lee believes the stock market is reasonably valued/priced today – with the principal risks associated with Chinese trade policy and the big accumulation of debt (in both the private and public sectors). On a historical basis, given low inflation and low real interest rate
